The Latest Breaking News from Iran

Hormuz Deal Near? CENTCOM Says Southern Shipping Route Remains 'Free and Open' as Trump Touts 'Very Good' Discussions

The U.S. military said the Strait of Hormuz remains open to commercial shipping, as Treasury Secretary Scott Bessent stated that Washington is close to reaching a deal with Iran.

Benzinga · Aug 5

'We'll know in 48 hours': Trump warns Iran to open Hormuz or get 'hit very hard'

US president Donald Trump has signalled that a possible breakthrough in talks with Iran could come within 48 hours, while warning Tehran that the Strait of Hormuz must reopen “very soon” as part of a deal with Iran and Oman, or face military action.

The Times of India · Aug 5

Iran-US war latest: Trump claims Strait of Hormuz is ‘sort of open’ and predicts Tehran will seek peace soon

US president tells reporters in Oval Office: 'I don't think they [Iran] can go much longer'

The Independent UK · Aug 5

US-Iran talks: Rubio says progress made on Strait, nuclear deal

US Secretary of State Marco Rubio detailed negotiations with Iran on two key objectives. These talks focus on reopening the Strait of Hormuz for safe maritime navigation. The ultimate goal remains the complete denuclearization of Iran, which is a long-term objective. Mediated by Oman, progress has been made in these…

The Economic Times · Aug 5

Trump says deal to open Strait of Hormuz could come by Wednesday or Iran will get 'hit very hard'

Iran has tightened its grip on Hormuz and wants to control the strait and charge tolls, powers it did not exercise before the war began on 28 February.

Euronews · Aug 5

How a new UN cybercrime treaty could be used to crack down on dissent

Imagine this scenario. It’s early evening in a small city in central Turkey. An Iranian woman in her mid-20s walks to the corner café. Headphones in, she listens to Radiohead’s 2 + 2 = 5.

The Conversation · Aug 5

Oil Price Today (August 5): Crude dips for 3rd session amid hopes of a short-term war deal. What's next?

Oil prices dipped again on Wednesday following as discussions aimed at reopening the Strait of Hormuz progressed. Traders are keenly watching the U.S.-Iran negotiations, knowing that an agreement could ensure the unhindered passage of commercial ships. Analysts warn that sustained disruptions could lead to significant hikes in oil prices, although…

The Economic Times · Aug 5

Oil steadies after two-day slump as investors eye Hormuz traffic

Oil prices experienced a slight stabilization as market participants keenly observed developments regarding the U.S.-Iran conflict. Recent reports from mediators indicated advances toward resolution, which initially contributed to a decrease in prices. As a result, Brent crude futures saw a modest uptick, joined by gains in West Texas Intermediate. President…

The Economic Times · Aug 5

Bitcoin, Ethereum Gain; XRP, Dogecoin Slide Amid Iran Deal Hopes: Analyst Says 'Most of the Pain' of the BTC Bear Market Already in

Leading cryptocurrencies edged higher on Tuesday as investors weighed the prospects of a U.S.-Iran peace agreement after weeks of fighting.

Benzinga · Aug 5

Global Market Today: Asian stocks advance on Hormuz deal hopes

Asian stocks are set to track Wall Street higher as optimism grows. Prospects for an interim deal with Iran eased energy supply concerns significantly. This development has led to a slide in oil prices and reduced inflation pressures. Investors are now watching for further progress on reopening the Strait of…

The Economic Times · Aug 5